Business

Transport Minister Dinh La Thang has just set up an investigation team to look into the JTC's bribery allegations.

Samsung voiced annoyance Thursday after South Korean telecoms operators released its latest smartphone ahead of schedule in order to dodge sales restrictions imposed by regulators.

The Ministry of Transport has announced the names of 10 officials who may have to account for their responsibilities concerning the JTC's bribery allegations, including one former deputy minister.

Vietnam, which has kept its foreign direct investment policies unchanged for a long time, needs to change them now if it wants to attract more inflows, an expert has said.

An architect has just proposed building a high-end tourist town in Son Tra Peninsula, aiming to make Danang a major attraction in Asia.

Police has arrested six banking officials from a state-owned bank located in Ca Mau Province for violating lending regulations causing huge losses.

Sacombank shareholders has agreed to the bank's plan to merge with Southern Bank which will be implemented this year if the feasibility study is approved by the authority and shareholders.

To date, only three out of 48 registered wind-to-power projects in Vietnam have become operational while most remain on paper.

China's eastern city of Hangzhou will start restricting car sales from Wednesday, joining major cities, including Shanghai and Beijing, in the fight against snarling traffic and heavy smog in the world's largest automobile market.

Thousands of trucks carrying farm produce have been stuck at the border in Lang Son Province waiting to deliver exports to China daily.

After the JTC bribery scandal was exposed, economist Pham Chi Lan said that transport construction projects in Vietnam often have inflated price tags as a result of corruption.

The US Consulate General in HCM City has announced the US Country Development Cooperation Strategy (CDCS) for Vietnam in 2014-2018.

The northern port city of Hai Phong remains the country’s second-biggest receiver of foreign direct investment (FDI), with 235.4 million USD being poured into the locality in the first quarter of 2014.

The Deputy Minister of Transport will be sent to Japan to check out a case of alleged bribery involving a Japanese firm and Vietnamese officials over an ODA project.

Two companies in Bac Ninh Province plan to sue local authorities for having licensed their cockroach raising farms if they are not compensated for the recent destruction of their businesses.

With public debt accounting for 48% of the GDP, each Vietnamese citizen currently owes VND18.6 million (USD886).

Vietnam expects the US will further support Vietnam in negotiations of the TPP agreement and soon recognise the country’s market economy status.

Three more transport officials have been temporarily fired for investigations into whether they are associated with the Japan Transportation Consultants, Inc.’s alleged bribes for an ODA project in Vietnam.

Lufthansa German Airlines has announced its suspension of flights to Ho Chi Minh City as from March 25 after 23 years operating in Vietnam.